Prime Minister Narendra Modi interacted with street vendors who availed the ‘PM Street Vendors AtmanirbharNidhi Scheme (SVANidhi scheme)’, In this context kindly explain PM SVANidhi scheme was launched by which ministry
Answer with explanationAnswer: Option B
Prime Minister Narendra Modi is interacting with the beneficiaries of Pradhan Mantri Street Vendor’s Atmanirbhar Nidhi Yojana (PM SVANidhi Scheme) from Uttar Pradesh today via video conferencing. Chief Minister of Uttar Pradesh is also present on the occasion. PM also virtually distributed loans to nearly 3 lakh vendors under the scheme.
In June, the Ministry of Housing and Urban Affairs had launched this scheme which gives special micro-credit facilities to provide an affordable loan of up to Rs 10,000 to more than 50 lakh street vendors, who had their businesses operational on or before 24 March. The scheme is valid until March 2022.
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